Tractor Supply (NASDAQ:TSCO) Price Target Raised to $62.00

Tractor Supply (NASDAQ:TSCO) had its target price raised by Mizuho from $60.00 to $62.00 in a research report report published on Thursday,Benzinga reports. The firm currently has an outperform rating on the specialty retailer’s stock.

Several other analysts have also recently issued reports on the stock. Wedbush reissued a “neutral” rating and set a $54.00 price objective on shares of Tractor Supply in a research note on Friday, October 25th. Evercore ISI raised Tractor Supply from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 15th. Wells Fargo & Company cut their price objective on Tractor Supply from $65.00 to $64.00 and set an “overweight” rating on the stock in a report on Monday, November 25th. UBS Group boosted their target price on Tractor Supply from $54.40 to $56.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Finally, Gordon Haskett lowered shares of Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $58.58.

Tractor Supply Price Performance

NASDAQ:TSCO opened at $57.94 on Thursday. Tractor Supply has a 12-month low of $44.35 and a 12-month high of $61.53. The firm has a market cap of $30.95 billion, a price-to-earnings ratio of 28.18, a price-to-earnings-growth ratio of 3.31 and a beta of 0.84. The company’s 50-day moving average is $55.12 and its two-hundred day moving average is $55.14. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81.

Tractor Supply Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Monday, November 25th. Tractor Supply’s dividend payout ratio (DPR) is 42.80%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Future Financial Wealth Managment LLC bought a new position in shares of Tractor Supply during the third quarter valued at $29,000. First Personal Financial Services bought a new position in Tractor Supply during the 3rd quarter worth $29,000. Providence Capital Advisors LLC acquired a new position in Tractor Supply during the 3rd quarter worth about $32,000. DT Investment Partners LLC lifted its holdings in Tractor Supply by 120.0% during the 3rd quarter. DT Investment Partners LLC now owns 132 shares of the specialty retailer’s stock worth $38,000 after buying an additional 72 shares during the period. Finally, Assetmark Inc. grew its position in shares of Tractor Supply by 2,383.3% in the 3rd quarter. Assetmark Inc. now owns 149 shares of the specialty retailer’s stock valued at $43,000 after buying an additional 143 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Company Profile

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.